Widmann Financial Services Inc. Acquires 20 Shares of Lockheed Martin Co. (NYSE:LMT)

Widmann Financial Services Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 968 shares of the aerospace company’s stock after buying an additional 20 shares during the period. Widmann Financial Services Inc.’s holdings in Lockheed Martin were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Mattson Financial Services LLC bought a new position in Lockheed Martin in the second quarter worth approximately $27,000. Sachetta LLC lifted its stake in Lockheed Martin by 50.0% in the 2nd quarter. Sachetta LLC now owns 60 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Stephens Consulting LLC lifted its position in shares of Lockheed Martin by 48.9% in the second quarter. Stephens Consulting LLC now owns 67 shares of the aerospace company’s stock worth $31,000 after buying an additional 22 shares in the last quarter. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $32,000. Finally, Ridgewood Investments LLC bought a new stake in Lockheed Martin in the second quarter worth $35,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LMT shares. Bank of America reissued a “buy” rating and set a $635.00 price objective on shares of Lockheed Martin in a research note on Friday, August 30th. Barclays boosted their price objective on shares of Lockheed Martin from $505.00 to $565.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Melius Research upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, September 3rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup raised their price target on shares of Lockheed Martin from $570.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $611.00.

Lockheed Martin Stock Up 0.7 %

LMT stock opened at $529.41 on Friday. The firm’s fifty day simple moving average is $568.75 and its 200-day simple moving average is $528.91. The company has a market capitalization of $125.49 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 4.29 and a beta of 0.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 22nd. The aerospace company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $0.34. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.38 billion. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Lockheed Martin’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.77 earnings per share. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.94 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 2nd will be issued a $3.30 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.15. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.49%. Lockheed Martin’s dividend payout ratio is presently 45.62%.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.